East Star attracts more suitors

Additional East Star Airlines debtors have applied to take over the troubled carrier despite the fact that China National Aviation Fuel Holding Co. and Shanghai YuField have made no progress in their appeals to acquire the Wuhan-based airline. The newly interested debtors include five CNAF subsidiaries and airports in Zhengzhou, Guangzhou, Wuhan, Nanjing, Qingdao, Shenzhen and Hangzhou. East Star owes CNY1.01 billion ($147.6 million) to CNAF, the airports and GECAS, with about half due to ...